Even with Paramount’s merger agreement with Skydance, the takeover saga continues.
As the film and TV industry contends with strings of layoffs, a changing business landscape, and a shift toward more ads in streaming, Paramount is looking to join forces with another company. For the past several months, Paramount has entertained deals from a number of potential suitors, including Warner Bros. Discovery, Apollo Global Management, and media mogul Byron Allen.
However, Paramount eventually signed onto a sweetened merger agreement with Skydance Media that would value the combined companies at $28 billion. The deal would also give Skydance control of Paramount parent company National Amusements.
But the saga doesn’t end there. A new $6 billion takeover bid from media investor Edgar Bronfman threatens to upend Paramount’s plans to merge with Skydance. You can keep up with all the latest about the Paramount merger below.
